Kuala Lumpur: MCE Holdings Bhd has entered into a joint venture with Nanjing Chuhang Technology Co Ltd (NCT) to produce driver assistance radar systems. This development follows a memorandum of understanding signed in November 2024 between MCE’s wholly owned subsidiary, MCE Ventures Sdn Bhd, and NCT.
According to BERNAMA News Agency, the joint venture will establish a new company in which MCE will hold a 51 percent stake, while NCT will own the remaining 49 percent. The new entity will focus on the development, manufacturing, and marketing of automotive millimetre-wave radar systems. These systems are crucial for advanced driver assistance systems (ADAS) and automated driving applications, targeting both domestic and international markets, excluding China.
The radar sensors to be produced are essential for vehicle safety, playing a pivotal role in enabling next-generation vehicles with assisted or autonomous driving capabilities. They allow vehicles to accurately detect, interpret, and respond to their surroundings. This joint venture strengthens the positions of both parties in these rapidly growing market segments and enhances their capacity to meet the increasing global demand for intelligent mobility solutions.
Dr. Goh Kar Chun, MCE’s group managing director, highlighted the significance of the partnership with Nanjing Chuhang Technology as a major step forward for the company. It not only expands MCE’s expertise but also broadens its offerings in advanced automotive electronics. Dr. Goh emphasized that the venture positions MCE to cater to the rising global demand for smart mobility technologies and aligns with the company’s ambition to deliver sophisticated solutions from Malaysia to the world.
The joint venture agreement was signed at the Malaysia Pavilion during the World Expo 2025 Osaka, as part of the Malaysia Automotive, Robotics and IoT Institute’s (MARii) NxGv: Game Changer in Energy Transition and Mobility event. Additionally, a filing with Bursa Malaysia indicated that the joint venture is anticipated to contribute to MCE Group’s performance starting from the second quarter of the financial year ending July 31, 2026.